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Epoch Times
18-05-2025
- Business
- Epoch Times
China Imposes Anti-Dumping Tariffs on Plastics From US, EU, Japan, and Taiwan
On May 18, a week after the 90-day tariff truce between the United States and China, the Chinese regime The Chinese Ministry of Commerce said the plastic was being dumped by those entities, causing substantial damage to the mainland Chinese POM copolymer industry. The duties include 74.9 percent on U.S. imports, 34.5 percent on European Union imports, 35.5 percent on Japanese imports (with Asahi Kasei Corp at 24.5 percent), and 32.6 percent on Taiwanese imports (with Formosa Plastics at 4 percent and Polyplastics Taiwan at 3.8 percent). The Chinese regime said its investigation began in May 2024, following the Biden administration's imposition of tariffs on Chinese electric vehicles, advanced batteries, steel, and other products. Days before President Donald Trump's inauguration, the Chinese regime In January, the Ministry of Commerce confirmed dumping activities and introduced preliminary anti-dumping measures. Ongoing Competition Following Trade Truce After May 10–11 talks in Switzerland, the United States and China agreed to a 90-day trade truce, reducing U.S. tariffs on Chinese goods from 145 percent to 30 percent and Chinese retaliatory tariffs on U.S. goods from 125 percent to 10 percent, facilitating negotiations for a broader trade deal. Related Stories 5/17/2025 5/17/2025 On May 15, bipartisan U.S. House lawmakers introduced a Lawmakers warn that such access could enable weapons deployable against the United States, bolster China's surveillance capabilities, and undermine U.S. dominance in AI and other technology sectors. Two days earlier, the department Also last week, Chinese leader Xi Jinping hosted a summit in Beijing with leaders from Latin America and the Caribbean, during which Colombia joined its Belt and Road Initiative. Colombia, a traditional U.S. ally, made this symbolically significant decision a day after the U.S.–China trade truce. Launched in 2013, China has expanded its foothold in Latin America via the Belt and Road Initiative, where 21 countries, including Brazil, Chile, and Peru, are participants, reflecting China's strategic effort to counter Western dominance, particularly that of the United States.
Business Times
18-05-2025
- Business
- Business Times
China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
CHINA on Sunday (May 18) announced anti-dumping duties as high as 74.9 per cent on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan. The commerce ministry's findings conclude a probe launched in May 2024, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics and medical equipment, the ministry has said. In January the ministry said initial investigations had determined that dumping was taking place, and implemented preliminary anti-dumping measures in the form of a deposit starting from Jan 24. According to Sunday's announcement, the highest anti-dumping rates of 74.9 per cent were levied on imports from the United States, while European shipments will face 34.5 per cent duties. China slapped 35.5 per cent duties on Japanese imports, except for Asahi Kasei Corp, which received a company-specific rate of 24.5 per cent. General duties of 32.6 per cent were placed on imports from Taiwan, while Formosa Plastics received a 4 per cent tariff and Polyplastics Taiwan 3.8 per cent. Hopes have risen that the US-China trade war is easing after the two sides said on Monday they had agreed to slash reciprocal tariffs in a 90-day truce, a deal that state mouthpiece the Global Times said on Friday should be extended. The Asia-Pacific Economic Cooperation group of nations warned of 'fundamental challenges' facing the global trading system in a communique on Friday after a meeting in South Korea. REUTERS
TimesLIVE
18-05-2025
- Business
- TimesLIVE
China announces anti-dumping duties on plastics from US, EU, Japan and Taiwan
China's commerce ministry on Sunday levied anti-dumping duties of as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the EU, US, Japan and Taiwan, according to an official announcement. The highest anti-dumping rates of 74.9% were levied on imports from the US, while European shipments will face 34.5% duties. China also slapped 35.5% duties on Japanese imports, except in the case of Asahi Kasei Corp, which was given a company-specific rate of 24.5%. Gen duties of 32.6% were placed on imports from Taiwan, but Formosa Plastics and Polyplastics Taiwan received lower rates of 4% and 3.8%, respectively
New Straits Times
18-05-2025
- Business
- New Straits Times
China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
BEIJING: China on Sunday announced anti-dumping duties as high as 74.9 per cent on imports of POM copolymers, a type of engineering plastic, from the US, the European Union, Japan and Taiwan. The commerce ministry's findings conclude a probe launched in May 2024, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics and medical equipment, the ministry has said. In January, the ministry said initial investigations had determined that dumping was taking place, and implemented preliminary anti-dumping measures in the form of a deposit starting from Jan 24. According to Sunday's announcement, the highest anti-dumping rates of 74.9 per cent were levied on imports from the US, while European shipments will face 34.5 per cent duties. China slapped 35.5 per cent duties on Japanese imports, except for Asahi Kasei Corp, which received a company-specific rate of 24.5 per cent. General duties of 32.6 per cent were placed on imports from Taiwan, while Formosa Plastics received a four per cent tariff and Polyplastics Taiwan 3.8 per cent. Hopes have risen that the US-China trade war is easing after the two sides said on Monday they had agreed to slash reciprocal tariffs in a 90-day truce, a deal that state mouthpiece the Global Times said on Friday should be extended. The Asia-Pacific Economic Cooperation group of nations warned of "fundamental challenges" facing the global trading system in a communique on Friday after a meeting in South Korea.
The Sun
18-05-2025
- Business
- The Sun
China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
BEIJING: China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan. The commerce ministry's findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics and medical equipment, the ministry has said. In January the ministry said initial investigations had determined that dumping was taking place, and implemented preliminary anti-dumping measures in the form of a deposit starting from January 24. According to Sunday's announcement, the highest anti-dumping rates of 74.9% were levied on imports from the United States, while European shipments will face 34.5% duties. China slapped 35.5% duties on Japanese imports, except for Asahi Kasei Corp, which received a company-specific rate of 24.5%. General duties of 32.6% were placed on imports from Taiwan, while Formosa Plastics received a 4% tariff and Polyplastics Taiwan 3.8%. Hopes have risen that the U.S.-China trade war is easing after the two sides said on Monday they had agreed to slash reciprocal tariffs in a 90-day truce, a deal that state mouthpiece the Global Times said on Friday should be extended. The Asia-Pacific Economic Cooperation group of nations warned of 'fundamental challenges' facing the global trading system in a communique on Friday after a meeting in South Korea.
